New York State Common Retirement Fund Increases Stock Position in Victoria’s Secret & Co. (NYSE:VSCO)

New York State Common Retirement Fund raised its holdings in Victoria’s Secret & Co. (NYSE:VSCO) by 4.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 26,478 shares of the company’s stock after purchasing an additional 1,117 shares during the period. New York State Common Retirement Fund’s holdings in Victoria’s Secret & Co. were worth $1,097,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of VSCO. CIBC Asset Management Inc purchased a new position in shares of Victoria’s Secret & Co. during the fourth quarter valued at approximately $311,000. Principal Financial Group Inc. lifted its stake in shares of Victoria’s Secret & Co. by 3.2% during the fourth quarter. Principal Financial Group Inc. now owns 381,419 shares of the company’s stock valued at $15,798,000 after buying an additional 11,909 shares during the period. FengHe Fund Management Pte. Ltd. purchased a new position in shares of Victoria’s Secret & Co. during the fourth quarter valued at approximately $2,435,000. State of New Jersey Common Pension Fund D purchased a new position in shares of Victoria’s Secret & Co. during the fourth quarter valued at approximately $2,399,000. Finally, Allspring Global Investments Holdings LLC lifted its stake in shares of Victoria’s Secret & Co. by 31,597.9% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 91,290 shares of the company’s stock valued at $3,690,000 after buying an additional 91,002 shares during the period. Hedge funds and other institutional investors own 90.29% of the company’s stock.

Victoria’s Secret & Co. Price Performance

Victoria’s Secret & Co. stock opened at $24.01 on Tuesday. Victoria’s Secret & Co. has a 52-week low of $15.12 and a 52-week high of $48.73. The firm has a fifty day moving average of $35.40 and a 200-day moving average of $32.64. The firm has a market capitalization of $1.89 billion, a P/E ratio of 12.44, a PEG ratio of 1.15 and a beta of 2.11. The company has a quick ratio of 0.33, a current ratio of 1.17 and a debt-to-equity ratio of 3.12.

Victoria’s Secret & Co. (NYSE:VSCO) last released its quarterly earnings results on Thursday, December 5th. The company reported ($0.50) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.62) by $0.12. The business had revenue of $1.35 billion during the quarter, compared to analyst estimates of $1.29 billion. Victoria’s Secret & Co. had a net margin of 2.47% and a return on equity of 44.74%. The business’s revenue was up 6.5% on a year-over-year basis. During the same period last year, the business earned ($0.86) EPS. As a group, analysts predict that Victoria’s Secret & Co. will post 2.37 EPS for the current year.

Analysts Set New Price Targets

VSCO has been the topic of several recent analyst reports. Telsey Advisory Group reissued a “market perform” rating and set a $40.00 price objective on shares of Victoria’s Secret & Co. in a research note on Wednesday, February 26th. Wells Fargo & Company cut their price target on shares of Victoria’s Secret & Co. from $45.00 to $40.00 and set an “equal weight” rating on the stock in a research note on Thursday, January 30th. The Goldman Sachs Group cut their price target on shares of Victoria’s Secret & Co. from $40.00 to $35.00 and set a “sell” rating on the stock in a research note on Thursday, January 30th. Barclays raised shares of Victoria’s Secret & Co. from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $51.00 to $53.00 in a research note on Tuesday, January 28th. Finally, Jefferies Financial Group increased their price target on shares of Victoria’s Secret & Co. from $30.00 to $40.00 and gave the stock a “buy” rating in a research note on Tuesday, November 12th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $41.18.

About Victoria’s Secret & Co.

Victoria’s Secret & Co operates as a lingerie, clothing and beauty retailer. It offers bras, panties, lingerie, pajamas, sleep, sport and swim apparel, and beauty products. The company was founded in 1963 and is headquartered in Reynoldsburg, OH.